Hacked iTunes Accounts for Sale

It has been reported that around fifty thousand hacked iTunes accounts all linked to stolen credits are up for sale on the Chinese version of eBay, TaoBao.

Bidders are able to get access to the account on a temporary basis for as little as 10p, with unlimited downloads, this new comes as Apple steps up security due to previous break-ins, the company has not commented on this new issue.

The sellers admitted that the accounts were hacked, they are even quoted as saying to the press, “Of course these accounts are hacked, otherwise how could they be so cheap?”

According to the Chinese auction site TaoBao, “We take all reasonable and necessary measures to protect the rights of consumers who use Taobao, of our sellers and of third-parties,” the company said in a statement. “Until we receive a valid takedown request, we cannot take action.”

TaoBao is a real success in China, being the equivalent of eBay with over two hundred million users and is estimated to have turned over £38bn of goods in the last year.